Andreessen Horowitz (a16z) has decided to shut down its London office, retreating from its much-publicized UK expansion to concentrate on the US crypto market.

The firm’s decision is largely based on the pro-crypto regulatory actions being established under Donald Trump’s administration.

a16z crypto is Heading Back to the US Market

The venture capital firm entered the UK market in 2023 with its first office outside the US. This move was motivated by the intense regulatory pressures and crackdowns on crypto under the previous administration. 

However, the firm has informed local entrepreneurs and policymakers that it will no longer dedicate significant resources to the region. Its London office is set to close completely.

Sriram Krishnan, the partner initially appointed to lead the UK initiative, left his role in London last year and recently joined the Trump administration. 

Also, the firm’s founders, Marc Andreessen and Ben Horowitz, have aligned themselves with Trump, offering advice on technology policy.

“We have chosen to focus on the US given the new administration’s strong policy momentum and will therefore be closing our UK office. This doesn’t change our confidence in the UK’s growing role in crypto and blockchain. We will continue to invest in great entrepreneurs no matter where they are in the world, including the UK,” wrote Anthony Albanese, COO of a16z Crypto. 

The decision comes after President Trump signed his first crypto-related executive order yesterday. The order established a new Working Group for the digital assets market. The working group will also assess the potential sc

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Author: Mohammad Shahid